Nov. 4 (Bloomberg) -- Prestige Estates Projects Ltd., an
Indian real estate developer, plans to invest up to 10 billion
rupees ($203 million) in building hotels in the next three to
four years, Chairman Irfan Razack said

Prestige will invest 2 billion rupees to build a Hilton
hotel in Bangalore, where the Indian company is based. It is
also constructing a Marriott Hotel at its Prestige Golfshire
project and building an Aloft Hotel, a brand owned by Starwood
Hotels & Resorts Worldwide Inc. also in Bangalore

The company is building hotels in the southern Indian city,
home to the Indian offices of Google Inc., Infosys Ltd. and
Texas Instruments Inc. aiming to draw customers from the
information technology industry, Razack said.

“Hotels are a long-term play, we won’t get returns
immediately,” Razack said in a conference call with analysts
today.